This project is located in Kisumu, a major port city in the Western part of Kenya. In partnership with NACHU, it houses small scale business traders from Nyalenda Slum, which is the largest informal settlement in the Kisumu area, comprising of almost 10,000 rented temporary structures made of substandard materials. To afford the housing they were provided with end user finance by NACHU in the form of micro mortgages, to be repaid within 5 years.
This was NACHU’s first housing development within this region of Kenya and has been key to NACHU’s strategy for further expansion. For this reason, Phase 1 of this project included 20 homes as a pilot for future development. Phase 2 of a further 20 homes has now also been completed.
The units consist of an initial two-room core house, with a design that allows homeowners the opportunity to extend construction to a larger four room house in the future. Water and sanitation services were provided, and 20% of project land was allotted for green spaces, meeting spaces, walkways, road networks and a sports field.
Clients estimated to sit between 51st and 60th percentiles of incomes in Kisumu
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Sales Price |
|Monthly Cost |
|Loan Length (months)|
|2 rooms & wetcore, 20m2, 137m2 plot||Basic||20||20||20||520000||11775||60|
|Finance Description||Finance Source||Deposit||Interest Rate (%)|
|2 rooms & wetcore, 20m2, 137m2 plot||NACHU||124,000||14.0|
Based on exchange rate on 31/12/2020
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Data last updated on 10/03/2021